Newsxpress Newsagency, Gifts And Homewares – Sandgate, Brisbane

Business ID: BS150260

Turnover $2.3m-plus - Strong year-on-year sales growth

This ‘new model’ Newsagency Gift Store has been transformed from selling low return product lines to a modern, attractive retail outlet with a growing reputation as a destination shopping location.

Turnover since 2010 has increased from approx. $1.1m to currently in excess of $2.3m.

newsXpress Sandgate boasts a prime shopfront location in the Ibis Centre - in front of a busy Woolworths.

-Major shop refit 2 years ago resulting in increased sales and improved gross profit margins
-Many improvements – including the latest Golden Casket Digipos image upgrades
-Prime location with excellent tenancy mix plus undercover parking
-Excellent support from the newsXpress Group - one of Australia’s leading independent retail groups
-Key national and international supply chain access – Marketing and IT support
-Well trained, highly motivated, and capable staff in place
-Key products/services include Golden Casket ‘The Lott’, Stationery/office supplies, Newspapers/magazines, Homewares/giftware, High-end confectionery, and more
-Current owners will remain for 2 weeks after purchase for smooth changeover

The owners have set up this business to operate without their daily presence, leaving them free to enjoy an excellent work-life balance.

They have also recently negotiated a $45,000 reduction in annual rent, which has greatly improved cash flow.

Over time, products which only returned 3-9% - have been replaced with products offering returns of 80-150%.

Continually evolving and improving, newsXpress Sandgate offers great potential for future growth through online sales and bulk stationery supply services, particularly for local businesses.

Price $239,000 + SAV (approx. $100k)

Property Code: 2796